The United Kingdom (UNITED Kingdom) and Australia aspire to a new trade relationship, which is underpinned by a Comprehensive Free Trade Agreement (FTA). If a defendant proposes to provide information or testify about the criminal activities of others, he or she may enter into a formal written agreement with a prosecutor known as the SOCPA Arrangement.  In exchange for the provision of information or the deposition provided for by the agreement, an accused could eventually obtain immunity from prosecution, but it is more likely that a reduced sentence would be imposed for his own incrimination.  The amount of the rate reduction depends on the date, nature, scope and value of the proposed or granted assistance. In real and substantial aid cases, this could be a halving of the sentence to two-thirds of the sentence they would otherwise receive.  The new power is similar to HMRC`s ability to impose a contractual penalty for non-compliance with export controls instead of criminal prosecutions – an instrument they have used with great enthusiasm as faster and less costly than to prosecute criminal prosecutions. Deferred criminal justice agreements (DPDs) are a relatively new approach to English law (the first was used by the UK Serious Fraud Office in December 2015) and the bill aims to allow the use of data protection authorities in the event of breaches of financial sanctions. Rena Lalgie, the director of THE OFSI, has already stated publicly that the Agency will work on the implementation of new sanctions, including data protection authorities, if the law is passed. Delaying self-reporting may result in the law enforcement authority (1) sending prior notification of a third party`s offence or (2) concluding that the delay was unreasonably long, with the result that it is not a factor in balancing prosecutions in favour of a deferred prosecution agreement (DPA) or the justification of a civil law rebate.  If an offence has only been discovered as a result of a separate regulatory or enforcement investigation, the enforcement authority could be persuaded that the reporting party should retain the mitigation advantage of voluntary disclosure if it can demonstrate that it has promptly initiated a comprehensive and thorough review of compliance with sanctions, has cooperated with external investigations, and has implemented useful corrective measures.  BMDs are court-approved agreements between a prosecutor and a company, which essentially allow the company to avoid criminal (but not civil) liability in exchange for certain conditions. Conditions may include a public statement of wrongdoing, financial penalties, compensation for profits resulting from the alleged breach, and the implementation of compliance programs.